Aussie couple are raffling off their island for $66 a ticket

When it comes to a raffle most of us think meat tray at our local RSL rather than some luxe island in the Micronesia.

But one Aussie couple are raffling off their island, with tickets starting at as little as $66, because they want the slice of heaven to fall into the right hands.

Doug and Sally Beitz, originally from the Gold Coast, bought the island back in 1994 setting it up as a holiday destination and scuba school.

And while they've loved living on the island – complete with tropical gardens, private beach and 32-foot pool – they are ready to move back to the mainland.

"The idea to transfer the resort and dive business this way, rather than through a traditional sale, is because we want this piece of untouched paradise placed in the hands of someone who truly falls in love with it, someone who has dreamed of island life and who will continue to respect the island's precious ecosystem, not simply the person with the deepest pockets," says Doug.

"We’ve had our time in the sun and enjoyed a career most people only dream about, but our current goal now is to become professional grandparents. We feel like a new chapter in our lives is beginning, and we’re ready to pass the baton to someone else."

The volcanic tropical island, Kosrae, is surrounded by wildlife-filled reefs, popular among scuba divers and snorkelers.

And it's debt-free, with a good rating on TripAdvisor so those entering aren't about to be duped.

Kosrae Nautilus Resort was established 22 years ago and includes 16 rooms, with ten of them being booked out until August 2017 by the United States Government.

So, you're already set with bookings for the next 15 months.

The Beitz family are moving back to Australia and ready to raffle off their island

The Win the Island Estates draw takes place on 26 July 2016 and is open to anyone in the world.

Each entry ticket comes with an ocean-themed image shot by award-winning photographer Matt Shepherd. Individual tickets and images are $66 and you can enter here.